Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

On December 21, 2010, the Company entered into new forms of employment agreement (the new
employment agreements) with each of Matthew K. Grubb, Executive Vice President and Chief Operating Officer; Todd N. Tipton, Executive Vice President - Exploration; and Rodney E. Johnson, Executive Vice President - Reservoir Engineering (each,
an executive). The new employment agreements amend and restate prior employment agreements entered into with each such person (the prior agreements being referred to herein as the original employment agreements).

The new employment agreements provide that Messrs. Grubb, Tipton, and Johnson will be paid annual base salaries of not less than
$750,000; $400,000; and $375,000, respectively. In addition, the new employment agreements modify the term during which a CC Termination (as defined in the new employment agreements) triggers a severance payment and provide that
payments made under the new employment agreements will be reduced under certain conditions related to the imposition of an excise tax. All other material terms of the new employment agreements are consistent with the material terms of the
original employment agreements.

The description above is a summary only and is qualified in its entirety by reference to the
Form of Employment Agreement for Executive Vice Presidents of SandRidge Energy, Inc., filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference in response to this item.

Item 9.01

Financial Statements and Exhibits

(d)

Exhibits:

10.1

Form of Employment Agreement for Executive Vice Presidents of SandRidge Energy, Inc.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

SANDRIDGE ENERGY, INC.

(Registrant)

Date: December 27, 2010

By:

/S/ TOM L.
WARD

Tom L. Ward

Chief Executive Officer

Exhibit Index

No.

Description

10.1

Form of Employment Agreement for Executive Vice Presidents of SandRidge Energy, Inc.

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